6.75% Housing And Urban Development Corporation Limited - AAA Rated (INE031A08806)

Housing And Urban Development Corporation Limited, a Financial Institution company, has floated Bond, having ISIN value as INE031A08806, with a face value of ₹10,00,000 rs on 29May20 to raise 1040 crores. The debt instrument is issued with a coupon rate of 6.75% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Unsecured Bond is 6.75% UNSECURED SENIOR LISTED RATED PRIVATE PLACEMENT REDEEMABLE NON CONVERTIBLE NON CUMULATIVE TAXABLE BONDS IN THE NATURE OF DEBENTURE. SERIES HUDCO TAXABLE BONDS SERIES-D 2020. LETTER OF ALLOTMENT. DATE OF MATURITY 29/05/2030. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 05Jun20. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 03Apr20. This issuer is formerly known as HOUSING AND URBAN DEVELOPMENT FINANCE CORPORATION PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.